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ISP Optics Acquired by LightPath

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ORLANDO, Fla., Dec. 28, 2016 — Optical component and assembly manufacturer LightPath Technologies Inc. has acquired precision optics manufacturer ISP Optics Corp. for $12 million in cash with a balance of five-year subordinated notes issued to the sellers. LightPath also announced the completion of a previously announced underwritten public offering of 8 million shares of its Class A common stock, including the full exercise by the underwriters of their option to purchase 1 million shares of Class A common stock to cover over-allotments, at a public offering price of $1.21 per share. Net proceeds amount to...Read full article

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    Photonics.com
    Dec 2016
    BusinesslensesLightPathISP Opticsmergers & acquisitionsAmericasOpticsindustrialBiophotonics

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